City Telecom (CTEL) research, news, and more from GeoInvesting

Company description

Fri, 28 Mar 2008 04:00:00 GMT

Established in 1992, City Telecom (H.K.) Limited (SEHK:1137) (Nasdaq:CTEL) provides integrated telecommunications services in Hong Kong. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is in the process of expanding its Metro Ethernet from 1.4mn to 2.0mn homes pass. HKBN has achieved an aggregate Voice, Broadband (symmetric 25Mbps up to 1Gbps), IP-TV and Corporate data services base in excess of 640,000 subscriptions. (press)

Comments & Business Outlook

Wed, 20 Apr 2011 04:00:00 GMT

2011 Interim Results:

Net profit up 44.0% year-on-year to HK$167.6 million with basic earnings per share amounted to HK$21.9 cents versus HK17.3 cents for same period last year
Declared an interim dividend of HK15 cents per ordinary share, up 131% from HK6.5 cents per ordinary share for same period last year
Core EBITDA increased by 16.7% year-on-year to HK$301.6 million
Turnover grew by 5.1% year-on-year to HK$825.9 million driven by higher revenue contribution from our Fixed Telecommunications Network Service (FTNS) business of 7.6% year-on-year to HK$727.2 million
For six months to 28 February 2011, broadband subscription increased by 25,000 net additions to 551,000, dominating 68% of total estimated market growth of 37,000

Chairman of the Group, Mr. Ricky Wong ("Mr. Wong"), said, "First of all, I would like to thank my talented team for their hard work and their contribution to the splendid performance of our Group for 1H FY2011. I expect that the financial performance for 2H FY2011 will be equally satisfactory."

Research

Sun, 27 Jun 2010 04:00:00 GMT

We are removing City Telecom Hk Ltd from the GeoSpecial on the Radar List.

Added to the GeoSpecial on the Radar list on September 21, 2009 @ $6.25.

Peak performance: Reached a high of $17.74 on April 6, 2010 .
Current road block: EPS estimates for 2010 and 2011 are forecasted to drop 7.2% and 7.9%, respectively.
Current Price: $12.71

We are removing City Telecom Hk Ltd from the GeoSpecial on the Radar List due to a sub par EPS growth outlook.